enCore Energy (CVE:EU) Stock Price Up 18.8% – Should You Buy?

enCore Energy Corp. (CVE:EU)’s share price shot up 18.8% during mid-day trading on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.34. 959,588 shares were traded during trading, an increase of 184% from the average session volume of 338,445 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Performance

The company’s 50 day moving average is C$4.49 and its 200 day moving average is C$4.92. The firm has a market cap of C$324.61 million, a P/E ratio of -5.76 and a beta of 1.20.

Insider Buying and Selling

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of enCore Energy stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction of C$49,392.00. 2.12% of the stock is currently owned by corporate insiders.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.